Zurcher Kantonalbank Zurich Cantonalbank Has $10.45 Million Stock Position in Invitation Homes Inc. (NYSE:INVH)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in Invitation Homes Inc. (NYSE:INVH) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 306,466 shares of the company’s stock after selling 4,760 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.05% of Invitation Homes worth $10,454,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of INVH. Cambridge Investment Research Advisors Inc. lifted its position in shares of Invitation Homes by 16.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 29,600 shares of the company’s stock worth $1,189,000 after purchasing an additional 4,111 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in Invitation Homes in the 1st quarter worth approximately $373,000. MetLife Investment Management LLC purchased a new stake in Invitation Homes in the 1st quarter worth approximately $480,000. Yousif Capital Management LLC boosted its stake in shares of Invitation Homes by 5.2% during the 1st quarter. Yousif Capital Management LLC now owns 36,134 shares of the company’s stock valued at $1,452,000 after buying an additional 1,783 shares during the period. Finally, Raymond James Trust N.A. purchased a new position in shares of Invitation Homes during the 1st quarter valued at $225,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Invitation Homes

In related news, CFO Jonathan S. Olsen sold 10,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $34.75, for a total transaction of $347,500.00. Following the completion of the transaction, the chief financial officer now directly owns 37,037 shares in the company, valued at approximately $1,287,035.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Invitation Homes Stock Up 0.5 %

Invitation Homes stock opened at $33.58 on Friday. The firm has a market cap of $20.56 billion, a price-to-earnings ratio of 39.97, a P/E/G ratio of 1.98 and a beta of 0.94. The firm has a fifty day moving average price of $34.22 and a two-hundred day moving average price of $33.35. Invitation Homes Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $36.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.20 and a quick ratio of 0.20.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). The business had revenue of $624.32 million for the quarter, compared to analyst estimates of $623.51 million. Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. As a group, analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were given a $0.28 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.12 annualized dividend and a dividend yield of 3.34%. Invitation Homes’s dividend payout ratio is 133.33%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Invitation Homes in a report on Tuesday, January 30th. They set a “hold” rating and a $35.00 price objective for the company. Jefferies Financial Group upgraded Invitation Homes from a “hold” rating to a “buy” rating and lifted their price target for the company from $33.00 to $41.00 in a report on Tuesday, January 2nd. Oppenheimer increased their price objective on Invitation Homes from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. KeyCorp raised their price objective on shares of Invitation Homes from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, January 5th. Finally, BNP Paribas assumed coverage on shares of Invitation Homes in a research report on Monday, January 22nd. They issued an “outperform” rating and a $39.00 target price for the company. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.19.

Invitation Homes Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.